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SecurityDeFi3 DAYS AGO

Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic

Compiled by KoinLens from 1 source

Importance 53Bearish* Trust 85 · 1 source3.5Market Impact: 3.5/10 · Low
The higher the score out of 10, the bigger the expected impact on the market. Heuristic estimate — not financial advice.
Cronos halts blockchain after $75 million lending exploit hits lending app Tectonic

An attacker allegedly pushed Tectonic’s thinly traded TONIC token up 100-fold, used it as collateral to borrow real assets and left most funds stranded when Cronos validators paused the network.

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